Executive Summary

• The #1 reason the entire system will collapse: oil
• Why the Fed is stuck with the Zombie economy it created
• How I am hedging against the inflation of the printing press
• Why we need to be our own heroes in this story — the authorities certainly won’t

If you have not yet read Part 1: One Step removed, available free to all readers, please click here to read it first.

I have to confess, I’m kind of worn out here.  I’d like ‘my team’ to win a few but we’re just not wracking up any wins.  Who’s on ‘my team’ and what do we do?

I feel like I’m on the side of commonsense, integrity, and prudence.  I feel like fundamentals ought to matter as much for stocks as they do for farmers.  In the field, if you don’t account on a fundamental level for the nutrients in your soil, then your yields will suffer.

But in the stock market, or “”market”” I should say, fundamentals haven’t mattered since – oh – about 2008.  All that’s mattered is how much new currency the Fed is going to inject.

In the case of Covid-19, I had rather naively thought that science and data would win the day.  After all, it’s a medical issue.  The data is what it is.  But time and again I watched as Fauci lied about common drugs with great safety profiles that at worst wouldn’t hurt and at best save lives while also completely ignoring providing any lifesaving advice about such lifesaving supplements as Vitamin D.  I cringed as doctors and scientists skewed data, set up trials to fail (with lives on the line!), and even committed massive fraud.

I watched both major political parties pretend as if the public had the memory of a goldfish by repeatedly asserting things that were obviously and patently false.

In every major policy area, I feel desperately out of step with the powers that be.  Worse, nearly every one of their preferred approaches is the exact opposite of the one that I’d like to take.

I’d prefer less of a wealth gap, not a larger one.  I’d like to see money flowing to small family farms not gigantic agribusinesses.  I’d like us to become more serious about getting off of fossil fuels, not pretending as